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In a pie chart representing the market share of four companies, Company A has 25

Practice Questions

Q1

In a pie chart representing the market share of four companies, Company A has 25%, Company B has 35%, Company C has 20%, and Company D has 20%. If Company B increases its market share by 5%, what will be the new percentage of Company B?

30%
35%
40%
45%

Questions & Step-by-Step Solutions

In a pie chart representing the market share of four companies, Company A has 25%, Company B has 35%, Company C has 20%, and Company D has 20%. If Company B increases its market share by 5%, what will be the new percentage of Company B?

Step 1: Identify the current market share of Company B, which is 35%.
Step 2: Determine the increase in market share for Company B, which is 5%.
Step 3: Add the increase to the current market share: 35% + 5%.
Step 4: Calculate the result: 35% + 5% = 40%.
Step 5: Conclude that the new market share of Company B is 40%.

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